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2015 Forbes Under 30 $1 Million Change the World Competition! Are You Up To The Challenge? Apply Now!

2015 Forbes Under 30 $1Million Change The World Competition: The Forbes Under 30
$1 Million Change the World Competition is the largest ever for young
social entrepreneurs. The competition calls on social entrepreneurs with
disruptive and scalable ideas with the potential to change the world. It is
open to both nonprofit and for-profit enterprises. This is not a business plan
competition – organizations or companies must already be in operation and the
prize money should be utilized to accelerate the most promising ideas.

The
competition is looking for exceptional teams executing bold ideas with the

potential to make a huge impact. Judges are looking for solutions in the areas
of education, extreme poverty, sustainability, global health and any other
number of other social problems.

Eligibility

The challenge is
open to:

Active social
entrepreneurs who were born after October 6, 1985, who are a founder,
co-founder, or top executive of their organization;

Applicants from
anywhere in the world;

Those who are
already actively engaged in a social enterprise – this is not a business plan
contest, but rather one that will reward and accelerate those entrepreneurs
already making a difference;

Both nonprofit and
for-profit social entrepreneurs – finalists will come from both categories;

All submissions and
any presentation at the Forbes Under 30 Summit must be made in English. Any
submissions not submitted in English will be deemed ineligible;

Finalists must be
available to travel to Philadelphia, PA, USA on October 5-6, 2015 to
participate in the Forbes Under 30 Summit.

Prizes

Five or
six finalists, selected from the complete pool of competitors, will receive
a cash award of $100,000 USD. They will then compete on-stage at the Forbes
Under 30 Summit in Philadelphia on 6 October 2015 in front of 2,000
world-class mentors and the best young entrepreneurs and game-changers in the
world. The overall winner will receive at least $400,000 USD in
additional cash and in-kind support, bringing their award total to at least
$500,000 USD, and the overall award total to $1,000,000 USD.

Nonprofit prizes –
nonprofits will receive their cash award in the form of a grant or other
charitable commitment (subject to the terms and conditions of the respective
sponsoring organizations);

For-profit prizes –
for-profit companies will receive their cash award in the form of an
investment, in the form of equity at the same valuation and on the same terms
as their current or previous funding round, or if no funding round is underway,
in the form of a convertible note. The investment will be completed no
later than 60 days following the announcement of the winner;

In-kind prizes –
in-kind awards, as part of the grand prize, will be given to the company
outright, without any equity consideration.

How to apply?

The submission
deadline is 26 August 2015 at 11:59 PM Eastern Time. The competition
submission consists of under 30 questions that require to complete short answers,
upload documents, and create short videos. To participate in the competition
please register in official website HERE and complete the submission form. All submissions
must be submitted on HeroX.com. Applications will be screened by the Wharton
Social Impact Initiative of the University of Pennsylvania. The finalists will
be announced in early September, before competing on the main stage at the
Forbes Under 30 Summit on 6 October. The finalists will be notified by email on
or around 12:00 noon ET on 9 September 2015.

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